<?xml version="1.0" encoding="UTF-8"?><slim:Document xmlns:slim="urn:legix:slim" xmlns:xhtml="http://www.w3.org/1999/xhtml" xmlns:atipl="http://www.arbortext.com/namespace/PageLayout" class="codeChapter" id="chp10D" name="10D"><slim:About class="header"><slim:Property type="string" name="version"/></slim:About><slim:TOC><slim:Item idref="sec10D.1" title="10D.1   Definitions."/><slim:Item idref="sec10D.2" title="10D.2   Qualified enterprises — agricultural land interests."/><slim:Item idref="sec10D.3" title="10D.3   Enforcement — penalties."/></slim:TOC><slim:Body><slim:Level class="codeChapter" id="chp10D"><slim:Heading class="heading"><xhtml:span class="identifier">10D</xhtml:span><xhtml:span class="headnote">AGRICULTURAL LAND INTERESTS OF QUALIFIED ENTERPRISES</xhtml:span></slim:Heading><xhtml:div class="footnotes"><xhtml:div class="footnote"><xhtml:span class="blank-line"/>Legislative purpose; <xhtml:span class="iowaActsRef">2002 Acts, ch 1028, §1</xhtml:span></xhtml:div></xhtml:div><slim:Section class="codeSection" id="sec10D.1"><xhtml:div class="heading"><xhtml:span class="identifier">10D.1</xhtml:span><xhtml:span class="headnote">Definitions.</xhtml:span></xhtml:div><xhtml:p class="para">As used in <xhtml:span class="iowaCodeRef">this chapter</xhtml:span>, unless the context otherwise requires:</xhtml:p><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">1</xhtml:span></xhtml:div><xhtml:p class="para"><xhtml:span class="term">“Agricultural land”</xhtml:span> means land suitable for use in farming as defined in <xhtml:span class="iowaCodeRef">section 9H.1</xhtml:span>.</xhtml:p></xhtml:div><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">2</xhtml:span></xhtml:div><xhtml:p class="para"><xhtml:span class="term">“Baby chicks”</xhtml:span> means the same as defined in <xhtml:span class="iowaCodeRef">section 168.1</xhtml:span>.</xhtml:p></xhtml:div><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">3</xhtml:span></xhtml:div><xhtml:p class="para"><xhtml:span class="i">“Qualified enterprise”</xhtml:span> or <xhtml:span class="term">“enterprise”</xhtml:span> means a limited liability company as defined in <xhtml:span class="iowaCodeRef">section 489.102</xhtml:span>, a domestic or foreign corporation subject to <xhtml:span class="iowaCodeRef">chapter 490</xhtml:span>, a nonprofit corporation organized under <xhtml:span class="iowaCodeRef">chapter 504</xhtml:span>, a cooperative association as defined in <xhtml:span class="iowaCodeRef">section 10.1</xhtml:span>, or a foreign business as defined in <xhtml:span class="iowaCodeRef">section 9I.1</xhtml:span>.</xhtml:p></xhtml:div><xhtml:div class="history"><xhtml:div class="historyItem"><xhtml:span class="iowaActsRef">2002 Acts, ch 1028, §3, 6</xhtml:span>; <xhtml:span class="iowaActsRef">2002 Acts, ch 1175, §74</xhtml:span>; <xhtml:span class="iowaActsRef">2004 Acts, ch 1049, §191</xhtml:span>; <xhtml:span class="iowaActsRef">2004 Acts, ch 1175, §393</xhtml:span>; <xhtml:span class="iowaActsRef">2008 Acts, ch 1162, §132, 154, 155</xhtml:span></xhtml:div></xhtml:div></slim:Section><slim:Section class="codeSection" id="sec10D.2"><xhtml:div class="heading"><xhtml:span class="identifier">10D.2</xhtml:span><xhtml:span class="headnote">Qualified enterprises — agricultural land interests.</xhtml:span></xhtml:div><xhtml:p class="para">Notwithstanding any other provision of law, a qualified enterprise may acquire or hold an ownership or leasehold interest in agricultural land as long as the qualified enterprise complies with all of the following requirements:</xhtml:p><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">1</xhtml:span></xhtml:div><xhtml:p class="para">The enterprise files a notice with the secretary of state not later than June 30, 2002. The notice shall be a simple statement providing the name of the enterprise and the address of the enterprise’s registered office or registered agent. The notice shall indicate that the enterprise intends to acquire or hold an interest in agricultural land under <xhtml:span class="iowaCodeRef">this chapter</xhtml:span>. The secretary of state shall file the notice together with reports required for the enterprise as required in <xhtml:span class="iowaCodeRef">chapter 10B</xhtml:span>.</xhtml:p></xhtml:div><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">2</xhtml:span></xhtml:div><xhtml:p class="para">The enterprise holds a total of not more than one thousand two hundred eighty acres of agricultural land. The enterprise must hold not more than eight hundred acres of agricultural land in any one county.</xhtml:p></xhtml:div><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">3</xhtml:span></xhtml:div><xhtml:p class="para">The enterprise only holds the agricultural land for a designated or incidental use.</xhtml:p><xhtml:div class="letteredPara"><xhtml:div class="heading"><xhtml:span class="identifier">a</xhtml:span></xhtml:div><xhtml:p class="para">A designated use must relate to producing baby chicks or fertile chicken eggs for any of the following purposes:</xhtml:p><xhtml:div class="subpara"><xhtml:div class="heading"><xhtml:span class="identifier">1</xhtml:span></xhtml:div><xhtml:p class="para">Sale or resale as breeding stock or breeding stock progeny.</xhtml:p></xhtml:div><xhtml:div class="subpara"><xhtml:div class="heading"><xhtml:span class="identifier">2</xhtml:span></xhtml:div><xhtml:p class="para">Research, testing, or experimentation related to the genetic characteristics of chickens.</xhtml:p></xhtml:div><xhtml:div class="subpara"><xhtml:div class="heading"><xhtml:span class="identifier">3</xhtml:span></xhtml:div><xhtml:p class="para">The production and sale of products using biotechnological systems or techniques for purposes of manufacturing animal vaccine, pharmaceutical, or nutriceutical products.</xhtml:p></xhtml:div></xhtml:div><xhtml:div class="letteredPara"><xhtml:div class="heading"><xhtml:span class="identifier">b</xhtml:span></xhtml:div><xhtml:p class="para">An incidental use must be for a purpose related to the sale of a surplus commodity or cull animal that is produced or kept on the agricultural land, or to the sale of any by-product that is produced as part of a designated use.</xhtml:p></xhtml:div></xhtml:div><xhtml:div class="history"><xhtml:div class="historyItem"><xhtml:p class="p"><xhtml:span class="iowaActsRef">2002 Acts, ch 1028, §4, 6</xhtml:span></xhtml:p></xhtml:div></xhtml:div></slim:Section><slim:Section class="codeSection" id="sec10D.3"><xhtml:div class="heading"><xhtml:span class="identifier">10D.3</xhtml:span><xhtml:span class="headnote">Enforcement — penalties.</xhtml:span></xhtml:div><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">1</xhtml:span></xhtml:div><xhtml:p class="para">The office of attorney general or a county attorney shall enforce the provisions of <xhtml:span class="iowaCodeRef">this chapter</xhtml:span>.</xhtml:p></xhtml:div><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">2</xhtml:span></xhtml:div><xhtml:p class="para">A person who violates a provision of <xhtml:span class="iowaCodeRef">this chapter</xhtml:span> shall be subject to all of the following:</xhtml:p><xhtml:div class="letteredPara"><xhtml:div class="heading"><xhtml:span class="identifier">a</xhtml:span></xhtml:div><xhtml:p class="para">The person shall be assessed a civil penalty of not more than twenty-five thousand dollars. Each day that a violation exists constitutes a separate offense.</xhtml:p></xhtml:div><xhtml:div class="letteredPara"><xhtml:div class="heading"><xhtml:span class="identifier">b</xhtml:span></xhtml:div><xhtml:p class="para">The person shall be divested of any land held in violation of <xhtml:span class="iowaCodeRef">this chapter</xhtml:span> within one year after judgment. The court may determine the method of divesting an interest held by a person found to be in violation of <xhtml:span class="iowaCodeRef">this chapter</xhtml:span>. A financial gain realized by the person that disposes of an interest held in violation of <xhtml:span class="iowaCodeRef">this chapter</xhtml:span> shall be forfeited.</xhtml:p></xhtml:div><xhtml:div class="letteredPara"><xhtml:div class="heading"><xhtml:span class="identifier">c</xhtml:span></xhtml:div><xhtml:p class="para">The person shall pay all court costs and fees associated with any enforcement action which shall be taxed as court costs.</xhtml:p></xhtml:div></xhtml:div><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">3</xhtml:span></xhtml:div><xhtml:p class="para">If the attorney general is the prevailing party, the moneys required to be paid or forfeited by a person who violates a provision of <xhtml:span class="iowaCodeRef">this chapter</xhtml:span> shall be deposited in the general fund of the state. If the county attorney is the prevailing party, the moneys shall be deposited in the general fund of the county.</xhtml:p></xhtml:div><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">4</xhtml:span></xhtml:div><xhtml:p class="para">The courts of this state may prevent and restrain violations of <xhtml:span class="iowaCodeRef">this chapter</xhtml:span> through the issuance of an injunction. The attorney general or a county attorney shall institute suits on behalf of the state to prevent and restrain violations of <xhtml:span class="iowaCodeRef">this chapter</xhtml:span>.</xhtml:p></xhtml:div><xhtml:div class="subsection"><xhtml:div class="heading"><xhtml:span class="identifier">5</xhtml:span></xhtml:div><xhtml:p class="para">A person who is in violation of <xhtml:span class="iowaCodeRef">this chapter</xhtml:span> shall not be subject to an enforcement action other than as provided in <xhtml:span class="iowaCodeRef">this section</xhtml:span>.</xhtml:p></xhtml:div><xhtml:div class="history"><xhtml:div class="historyItem"><xhtml:p class="p"><xhtml:span class="iowaActsRef">2002 Acts, ch 1028, §5, 6</xhtml:span></xhtml:p></xhtml:div></xhtml:div></slim:Section></slim:Level></slim:Body></slim:Document>